Major Aussie retailer closing ALL its stores

In another blowing to the struggling Aussie retail market, Diana Ferrari has announced it will close all its stores in the next few months.

From January 21, the brand will begin closing its 23 shops and 11 clearance outlets.

The first stores to close will be Chatswood, Penrith and Hornsby in NSW and Wooden in Canberra.

“All Diana Ferrari stores will be closed over the coming months, but our fabulous footwear will continue to be available through our online stores, Mathers, Williams, wholesale stockists and major department stores. We truly appreciate and thank all our loyal clothing customers over the last 17 years,” the company said in a statement.

According to the Sydney Morning Herald, the chain’s staff will be moved to other stores owned by the same company.

But there is *some* good news for anyone keen on a bargain. The brand is running a 30 percent off sale online.

It’s been a tough couple of years for the Aussie retail market, with major brands like Oroton, Victoria Station, Payless Shoes, Dick Smith, Pumpkin Patch and Masters either folding or going into administration.